Ford Brasil Ltda. says it is importing steel from the U.S. and Europe in an effort to counter steep hikes in the price of Brazilian steel, which has risen 72% in the past year. The first lot, between 5,000 and 7, 000 tons (4,536-6,350 t), will arrive in the Port of Camacari Bahia or Santos in mid-April. Other manufacturers are taking price quotes from international steel manufacturers and are analyzing the total cost of importing the product. The imported steel will cost Ford 30%-40% ...
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